However, San Francisco residents in Enrolled Agent positions earn a median income of $54,504, which is well above the national number. Of jobs posted in the city by the bay, nearly half pay above $125,000 annually. Moving down to Southern California reveals EA salary numbers that are as sunny as the beaches. Enrolled Agent salary numbers in Los Angeles show that about half of the jobs available pay in the six-figure range. And finally, salary numbers for enrolled agent jobs in San Diego range from $39,906 and $57,780. Chicago’s median salary for Enrolled Agents is actually lower than that of the rest of the country, according to Salary.com’s data.
Enrolled Agent Salary and Career Prospects
The Enrolled Agent credential is the highest designation awarded by the Internal Revenue Service. Such agents have a very high status and are obliged to maintain the highest level of business ethics. They have the complete right to represent any kind of taxpayer and deal with any type of tax matters they choose to, without any restriction. Their advisory services are recognized throughout the US and are very comprehensive. I just did an interview with Intuit the pay offered was $21 per hour. 70s Actually, this would be a pay cut from bookkeeping what I made as a regular tax preparer.
Strategies to Increase Your Salary as an EA
Building a reputation for exceptional client service and maintaining a strong client base can also contribute to higher earnings through referrals and repeat business. During a review of 11,127 job postings related to enrolled agents, advertised salary was included in 4,502 of them, which was 40%. Based on those postings, the Online Bookkeeping median advertised salary for enrolled agents was $66,944 per year. The BLS also breaks down compensation for enrolled agents by hourly salary, and the median average hourly pay for enrolled agents in 2023 was $28.
- He is also proficient in using taxation software, like Turbo Tax and QuickBooks.
- Although most tax companies do not only focus on filing company returns, having the necessary information can help you in your enrolled agent jobs search.
- Yet, in the mile-high city, over half of the EA salary figures posted are above $112,000 annually.
- Entry-Level EAsAn entry-level position is the starting point for an EA career after passing the exam.
- Earning an Enrolled Agent status may be difficult since the pass rates are from 57 percent to 70 percent.
Employment Opportunities for Enrolled Agents
The Enrolled Agent salary ranging from $45,000 to $80,000 per year may be found for tax preparers with qualifications and at least two years of tax expertise. Enrolled Agents can specialize in specific tax areas such as corporate taxation, individual taxation, international tax, or estate planning. Acquiring additional certifications or designations in these specialized fields can enhance an EA’s earning potential. For example, earning the Certified Financial Planner (CFP) or Certified Public Accountant (CPA) designation alongside the Enrolled Agent credential can significantly increase salary prospects. A similar analysis of job postings provides insight into advertised hourly salary for enrolled agents.
Becoming an Enrolled Agent (EA) can lead to a rewarding career in tax preparation and enrolled agent salary representation. Aspiring EAs often wonder about the earning potential in this field. In this blog post, we will explore Enrolled Agent salaries and provide specific data supported by industry facts and figures. Based on compensation data that was included in job postings for enrolled agents dating back to September 2020, advertised salaries for enrolled agents have increased 21%. As an Enrolled Agent, you also get high-paying, stable and respectable work. With a high demand for tax professionals, you can command higher salaries.
If your goal is to work at one of the Big 4 accounting firms, the Enrolled Agent designation is one way to stand out from other applicants. Learn how becoming a tax expert can help you excel at firms of all sizes on our Enrolled Agents at the Big 4 blog. The most highly specialized Enrolled Agent probably isn’t going to be earning as much at a smaller organization as they could at a larger one.
- In order to become an Enrolled Agent, you must satisfy the EA requirements of Treasury Department Circular 230.
- If you’re looking to speed up your salary gains in tax preparation, the best thing you can do is earn a professional designation, like the Enrolled Agent designation awarded by the IRS.
- The first step is to obtain the Preparer Tax Identification Number (PTIN).
- For example, in Phoenix, a senior tax consultant with an Enrolled Agent designation and over 5 years of relevant experience can earn over 6 figures at a regional firm.
- A similar analysis of job postings provides insight into advertised hourly salary for enrolled agents.
- And, Enrolled Agent salaries are on the rise at larger firms and corporations, too.
Because Enrolled Agents have the authority to represent clients before the IRS, they can fulfill a more specialized niche than non-enrolled tax preparers and accountants. Therefore, while CPAs do earn more on average than enrolled agents in the short run, the potential for earnings over the span of a career can be higher for enrolled agents. It has become a lucrative career option with a combination of technical expertise and oversight by the Federal government. The enrolled agent course offers a wide range of services to clients, quite close to the level of a Certified Public Accountant (CPA) and lawyer. However, they do not require the permission of the state board or any license from them to operate.